Sandy, UT—84093
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Sandy, UT
As of Oct '25, the median home price in Sandy, UT is $773,000, with a year-over-year change of 2.5%. This indicates that home prices in Sandy, UT are increasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $773,000 | 2.5% |
| Single Family | $768,000 | 2.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $553,000 | 4.3% |
3 Bed | $660,000 | 3.4% |
4 Bed | $721,000 | 2.9% |
| 5 Bed | $883,000 | 2.7% |
% of Housing Stock
Rental Trends — Sandy, UT
As of July '25, Rentcast reports the average rent in Sandy, UT is $2,840, with a year-over-year rent change of 3.6%. Per bedroom, the median rent as of July '25 in Sandy, UT is 1-bedrooms: $1,330, 2-bedrooms: $1,620, 3-bedrooms: $2,110, 4-bedrooms: $3,220. The most common rental property sizes in Sandy, UT are 3-bedroom and 4-bedroom, accounting for 37.6% and 29.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,900 | $2,840 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,300 | $1,330 |
| 2 Bed Rent | $1,550 | $1,620 |
| 3 Bed Rent | $1,950 | $2,110 |
| 4 Bed Rent | $3,000 | $3,220 |
% of Rental Stock
Property Listings — Sandy, UT
As of Oct '25, Realtor.com reports that the median days on market for a home in Sandy, UT is 53. This is a increase of 1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 45.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $797,000 | -3.0% |
Listing Count | 62 | 12.0% |
| Listings as % of Homes | 0.4% | 12.0% |
Days on Market | 53 | 1.0% |
Demographics — Sandy, UT
As of the latest ACS Survey released in 2023, Sandy, UT has a population of 24,000, which has increased by 2.1% over the past 5 years. Sandy, UT is a popular place for families, as children make up 27.4% of the population. The area has a highly educated workforce, with 53.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 22.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 24,000 | 2.1% |
% Under 18 | 27.4% | 5.0% |
% Seniors | 18.4% | 19.5% |
% WFH | 22.0% | 101.8% |
% w/ College Degree | 53.3% | 3.9% |
As of the latest ACS Survey released in 2023, Sandy, UT is a predominantly white area, with 87.4% of the population identifying as white. The white population has shrunk by 2.7% in the last 5 years. The second most common race or ethnicity in Sandy, UT is hispanic, making up 4.7% of the population. Foreign-born residents account for 5.8% of the population in Sandy, UT, and this percentage has decreased by 9.4% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 87.4% | -2.7% |
% Black | 1.0% | 42.9% |
% Hispanic | 4.7% | 46.9% |
% Asian | 2.3% | -41.0% |
% Foreign Born | 5.8% | -9.4% |
Mortgage and Risk — Sandy, UT
According to HUD data as of 2023, there were 446 mortgage originations in Sandy, UT, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 41.0%, with 7.0% above 90% LTV (normal). This implies small mortgage risk in Sandy, UT. Investor activity is low, as 1.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 446 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Sandy, UT
As of 2024, the percent of homes in Sandy, UT under the Section 8 program is 2.7%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Sandy, UT, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 7 |
Total Units Section 8 | 7 |
% Rentals under Section 8 | 2.7% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $730 | $1,300 | $2,030 |
| 2 Bedroom | $890 | $1,550 | $2,440 |
| 3 Bedroom | $1,330 | $1,950 | $3,280 |
| 4 Bedroom | $730 | $3,000 | $3,730 |
Affordability — Sandy, UT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.5 |
| Median Home Price | $773,000 |
| Median Household Income | $132,000 |